??Crypto Daily by Bitcompare

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One of Asia Pacific’s leading digital assets exchange platforms, Zipmex, plans on acknowledging certain Bitcoin and Ethereum withdrawals. The crypto platform was one of the notable companies affected by the bear market, and they are yet to recover.

Regardless of their predicaments, Zipmex has been working on allowing at least 60% of users to retrieve their digital assets by temporarily lifting the suspension of withdrawals on specific dates.

We will also take a look at other interesting events that happened recently.

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Beleaguered Thai-based cryptocurrency exchange, Zipmex, makes moves toward allowing users to make some Ethereum and Bitcoin withdrawals on August 11 and 16, respectively.?

• At the end of July, Zipmex stopped customers’ withdrawals due to volatile market conditions. They stated that they do not know when they would resume operation again because the situation was beyond their control.
• A few days later, they were rumored to be in discussion with organizations and investors for potential funding.
• Without wasting time, the Thai-based crypto platform submitted multiple applications under Section 64 of Singapore’s Insolvency, Restructuring, and Dissolution Act 2018. They aimed to stop creditors from laying any claims for the next six months.
• Irrespective of their situation, on August 8, Zipmex announced that their users (those with Z Wallet) would be allowed to retrieve some of their digital assets. In a tweet made by the company, it said,

“Zipmex is planning to release a specific amount of ETH and BTC on 11 and 16 August, respectively”.

• They assured their customers that they were working hard to release the balance of Z Wallet holdings as soon as possible.
• Last week, Zipmex allowed the withdrawal of digital coins like Cardano, Ripple, and Solana.

In other news:

MetaverseGo raises $4.2 million to ease onboarding for blockchain-based games. Mobile gaming platform, MetaverseGo closed a $4.2 million funding round led by Galaxy Digitals’ Galaxy Interactive unit. According to them, MetaverseGo received an initial valuation of $40 million. The funding will be used for software developments, securing partnerships with telecommunications providers, and strategic hires.

Notorious Lazarus group made cyber attacks attempts, alleges deBridge co-founder.? The “Lazarus group,” a? notorious North Korea-backed cybercrime group, has been pointed out as the culprit of an attempted cyber-attack on deBridge Finance. Alex Smirnov, co-founder of the cross-chain protocol and project lead alleged that the attack vector was through a suspicious email received by team members. The email named “New Salary Adjustments” was sent from a spoofed address that looked exactly like their executive’s.

Tetrix and Pitaka crypto wallet launch “Tetrix Link” to digitize contact exchange. On Monday, the Filipino-led blockchain, Tetrix Network, and Pitaka crypto wallet announced the launch of “Tetrix Link.” The Tetrix Link is a Near-Field Communication (NFC) card that will enable users to select and store information like their personal contact details and important social media accounts. They will also be able to share these data when they tap their cards on an NFC-enabled mobile device.

Singapore-based crypto lender, Hodlnaut halts withdrawal, ends token swap feature. Just as the market is showing signs of recovery from the crypto winter, Hodlnaut freezes withdrawals and ends its token swap features on Monday. They stated that the withdrawal freeze was to help them stabilize their liquidity and preserve assets as well as create breathing space to explore potential restructuring options and recovery plans with their legal advisor.

The Bank of Thailand (BOT) plans on launching a retail CBDC pilot test in a small group by the end of the year. With a constant rise in the use of digital currencies, the Bank of Thailand is exploring ways to offer citizens a safe and reliable digital form of central bank money in the form of a Central Bank Digital Currency (CBDC). They have studied CBDCs since 2018 to know if retail CBDC models suit their country. The financial body plans to launch a pilot test by the end of 2022 in limited areas using 10,000 retail users as subjects.

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